Transurban first in 2010
In the domestic market, Transurban, rated A-, became the first corporate issuer of the year to launch a deal. At last reports, orders for up to $180 million had been received for the four-year bonds, with an indicative margin of 180 basis points. The deal had been launched for a minimum of $150 million and was expected to price on Friday.SPI Australia Electricity & Gas also tapped the Euromarket for the second time this year, this time raising HK$700 million for ten years, at a swapped back cost of 170 bps over bank bills, according to the company's advice to the ASX. There were also reports that Mirvac will be the next to market with a deal that could be launched as early as today.The only other offshore issuance seen last week was from ANZ, which sold a further A$100 million addition to its February 2013 EMTN line and which will take outstandings to A$300 million.